iii. In the event Lessee fails to observe or fulfill any term, condition and/or
provision of this Agreement other than those specified in Sections 7(a)(i) or 7(a)(ii) and
such failure is not corrected within 30 days after receipt by Lessee of written notice from
Lessor.

     b. By Lessee. Lessee may immediately terminate this Agreement in the event Lessor
fails to observe or fulfill any term, condition and/or provision of this Agreement and such failure
is not corrected within 30 days after written notice by Lessee.

     c. Rights Upon Termination. Upon the termination of this Agreement, rights of the
Lessee as to the Aircraft pursuant to this Agreement shall immediately cease and terminate. If the
Lessor terminates this Agreement as provided in this Section 7, Lessee shall notwithstanding such
termination, be liable to the Lessor for any arrears of Rent or other amounts due under this
Agreement. The provisions of Sections 4, 5, 6 and 8 shall survive the termination of this
Agreement.

**8. INSURANCE AND INDEMNIFICATION**

     a. Insurance. Lessor shall provide insurance coverage related to Lessee’s possession,
use, maintenance and operations of the Aircraift, under policies in form and substance and with
insurers reasonably satisfactory to Lessee, as follows: